secwatch.observer — SEC 8-K summary
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Issuer:     5E Advanced Materials, Inc. (FEAM)
CIK:        0001888654
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000950170-23-020822
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

5E Advanced Materials reports Q3 loss, appoints new CEO, updates Fort Cady project with $2.4B NPV
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- Net loss of $10.1M for Q3 FY2023; cash balance $36.2M; construction in progress $61.5M.
- Phase 1 capital estimate $373M (incl. contingency); targets 90K tons boric acid, 1.1K tons LCE by Q2 2026.
- Project economics: FY2027 EBITDA $101.2M (62.1% margin); post-tax NPV 8% $2.4B; IRR 22.6%.
- New CEO Susan Seilheimer Brennan appointed April 24; implemented cost cuts, plans HQ relocation to California.
- Small-Scale Facility substantially complete; awaiting EPA authorization to commence mining operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888654/000095017023020822/0000950170-23-020822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888654/000095017023020822/feam-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020822

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